Dynamic Pricing in Cloud Manufacturing Systems under Combined Effects of Consumer Structure, Negotiation, and Demand
Joint Authors
Peng, Wei
Guo, Wei
Wang, Lei
Liang, Ruo-Yu
Source
Mathematical Problems in Engineering
Issue
Vol. 2017, Issue 2017 (31 Dec. 2017), pp.1-15, 15 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2017-02-22
Country of Publication
Egypt
No. of Pages
15
Main Subjects
Abstract EN
In this study, we proposed a game-theory based framework to model the dynamic pricing process in the cloud manufacturing (CMfg) system.
We considered a service provider (SP), a broker agent (BA), and a dynamic service demander (SD) population that is composed of price takers and bargainers in this study.
The pricing processes under linear demand and constant elasticity demand were modeled, respectively.
The combined effects of SD population structure, negotiation, and demand forms on the SP’s and the BA’s equilibrium prices and expected revenues were examined.
We found that the SP’s optimal wholesale price, the BA’s optimal reservation price, and posted price all increase with the proportion of price takers under linear demand but decrease with it under constant elasticity demand.
We also found that the BA’s optimal reservation price increases with bargainers’ power no matter under what kind of demand.
Through analyzing the participants’ revenues, we showed that a dynamic SD population with a high ratio of price takers would benefit the SP and the BA.
American Psychological Association (APA)
Peng, Wei& Guo, Wei& Wang, Lei& Liang, Ruo-Yu. 2017. Dynamic Pricing in Cloud Manufacturing Systems under Combined Effects of Consumer Structure, Negotiation, and Demand. Mathematical Problems in Engineering،Vol. 2017, no. 2017, pp.1-15.
https://search.emarefa.net/detail/BIM-1189748
Modern Language Association (MLA)
Peng, Wei…[et al.]. Dynamic Pricing in Cloud Manufacturing Systems under Combined Effects of Consumer Structure, Negotiation, and Demand. Mathematical Problems in Engineering No. 2017 (2017), pp.1-15.
https://search.emarefa.net/detail/BIM-1189748
American Medical Association (AMA)
Peng, Wei& Guo, Wei& Wang, Lei& Liang, Ruo-Yu. Dynamic Pricing in Cloud Manufacturing Systems under Combined Effects of Consumer Structure, Negotiation, and Demand. Mathematical Problems in Engineering. 2017. Vol. 2017, no. 2017, pp.1-15.
https://search.emarefa.net/detail/BIM-1189748
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-1189748